491. The Sunk Cost Fallacy

Better Than Happy

Jody Moore

Religion & Spirituality, Christianity, Self-improvement, Education

4.8 • 5.6K Ratings

🗓️ 13 December 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the sunk cost fallacy preventing you from getting the most out of your life?

This phenomenon causes us to stick with strategies we've invested in, from financial choices and our relationships to how we spend our time and energy… even when abandoning them would be more beneficial. The good news? By developing awareness of how it’s manifesting in your life, you gain the power to make wiser decisions, and I share my top tips with you in this episode.

Get full show notes, transcript, and more information here: https://jodymoore.com/491

Transcript

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0:00.0	Is the sunk cost fallacy at play in your life? Is it preventing you from getting the absolute most
0:10.5	out of your financial decisions, the way you spend your time, and where you put your effort and
0:16.5	attention? Well, the answer to this question, according to the experts, is yes, it is at play in all of our
0:23.3	lives. And the way to minimize its effect on each of us is to become more aware of what it is
0:29.7	and how it drives us. From awareness, you will have the ability to make wiser decisions. And that's
0:36.4	why today I want to dive into the sunk cost
0:39.9	fallacy. Episode 491. Let's go. Welcome to Better Than Happy, the podcast where we transform our lives
0:51.0	by transforming ourselves. My name is Jody Moore. In the decade plus I've been
0:57.1	working with clients as a master certified coach, I've helped tens of thousands of people to become
1:02.8	empowered. And from empowered, the things that seemed hard become trivial. And the things that seemed
1:09.5	impossible become available. And suddenly a whole new
1:13.7	world of desire and possibility open up to you. And what do you do with that? Well, that's the question.
1:23.1	What will you do? Let's find out. Sometimes listening to a podcast is enough, but sometimes you'll
1:32.2	feel inspired to go deeper. If you hear things that speak to you in today's episode, consider it your
1:38.5	invitation to a complimentary coaching workshop. On this live interactive Zoom call with me, you'll get a taste of the
1:46.2	power of this work when applied in real life. You can participate or be a silent observer,
1:52.7	but you have to take a step if you want to truly see change in your life. Two steps, actually.
1:59.2	Head to Jodymore.com forward slash free coaching and register.
2:04.0	Then you just have to show up. Your best life is waiting for you. Will you show up for it?
2:12.2	Jodymore.com forward slash free coaching. I'll see you there.
2:25.2	All right, everybody. Welcome to the podcast. How's it going? How's your holiday going?
2:32.3	How's December treating you? Are you enjoying it? It's a really bizarre year for my family and I because we moved to the San Diego area at the beginning of the
	...

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